Latin America Airport Lighting System Market

The airport lighting system market is one of the major markets generating revenue for the manufacturers in the commercial aviation sector in Latin America. Currently, the Latin American airport lighting system market is valued at $74.7 million and is expected to grow to $96.1 million by 2018. The market in Latin America is expected to grow at a CAGR of 6% from 2012 to 2018. This report provides an in-depth analysis of the Latin America commercial airport lighting market till 2018. It also provides an insight into the regional trends to analyze the market share. Airport lighting is an important safety feature, which is necessary at every airport to facilitate night flying.

The market is segmented and sub-segmented on the basis of airport application areas, technology, and region. The market is broadly segmented into 3 segments, namely, landside, terminal, and airside. It considers segmentation of the market by technology namely, LED (Light Emitting Diode), incandescent, and fluorescent. These technologies are further divided by application areas.

The growth in the passenger traffic and the steadily growing economies in the region are driving the airports in this region to consider expansion of its current capacity. The need for energy-efficient lighting systems is driving the airport lighting market in Latin America. The current trend of this market is the technological advancements in the airport lighting market, which will increase the energy efficiency and add to the safety factor at the airports.

The airport lighting system market in Latin America is driven by the need for investments in development, expansion, and improvement of facilities, and also the need for increased performance on investment, maintenance, operations, and management. The market is restrained by economic crises, middlemen issues, poor funding from public airport authorities, and incongruity between the airport authorities and owners.

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